Tag : nps

The $360 billion National Pension Service has started its search for a new investment head, as it seeks to increase assets by 67% over the next five years.

A fresh round of RFPs will be issued by the National Pension Service to local and global custodians as the new chairman prepares for a more aggressive asset allocation.

The pension fund will raise exposure to domestic and global equities and alternatives after admitting it maintained fixed income allocations too long, causing it to underperform peers.

Choi Kwang becomes the first former health and welfare minister to lead Korea’s National Pension Service. He now faces installing a new management team.

The $340 billion pension fund has set itself a long-term goal of opening offices in Hong Kong and Shanghai. However, for now it is focused on stabilising its other overseas bases.

CIC, NPS chairmen move on, Vanguard investment group changes, JP Morgan reshuffles Middle East wealth, Dubai property fund names CEO and new MAS board member named.

The National Pension Service may begin internal deliberations on whether to ask for legal changes allowing it to invest in hedge funds, says CEO Jun Kwang-woo.

Mark Mobius asserts the macro background that he believes supports emerging market equities over global equities.

Lawrence Summers, a guest of Korea’s National Pension Service, urges institutional investors to serve their role as “patient capital” and invest in the West’s infrastructure.

Ko Sungwon, head of global fixed income at Korea’s NPS, suggests adding corporate credit, EM bonds and global equities to augment returns in the low-rate environment.

The Korean bank’s custody unit recently upgraded its infrastructure, started working with JP Morgan and gained a couple of sizeable new clients.

Korea’s National Pension Service plans to invest in the Posco Woori EIG Global Fund, designed to help Posco access global natural resources.